👶How Are Cryptocurrencies Made?👶
Generally speaking, there are two ways a cryptocurrency is born. The first is through something called a fair launch which is when a community comes together to mine a cryptocurrency from zero The second way is via ICO. ICO is short of initial coin offering, and it’s how most cryptocurrencies have been created This is when a project sells their coin or token to early investors before it lists on an exchange, and sometimes even before the coin or token has been created at all ICOs allow the team behind a cryptocurrency can get the money they need to develop its blockchain, raise awareness, secure partnerships, pay for exchange listing fees, and so on
5️⃣5th Place: BNB5️⃣
The BNB ICO took place in the summer of 2017, which saw 100 million BNB sold at a price of 15 cents per token. I say token because BNB was initially sold as an ERC-20 token on Ethereum The BNB ICO raised 15 million dollars, and those who have managed to hold their BNB since 2017 are currently sitting on a 2000x profit. At BNB’s ATH, this would be 4000x
4️⃣4th Place: NEO4️⃣
The first NEO ICO took place in the fall of 2015 when the project was still known as Antshares. This saw 17.5 million NEO sold for just over 550 grand. This works out to an ICO price of around 3.2 cents Those who have HODLed their NEO since then could trade it in today for a 1000x return on investment. The ones who sold their NEO at or near the peak during the last crypto bull run secured a solid 5000x ROI
3️⃣3rd Place: IOTA3️⃣
ITOA’s ICO took place at the end of 2015. MIOTA’s entire initial supply of 1 billion was sold for just 434 thousand dollars in Bitcoin. This means MIOTA’s ICO price was just 0.000434 dollars The lucky buggers who have held since IOTA’s ICO are currently up over 2000x. Any who managed to sell at MIOTA’s all-time high received a whopping 10 thousand x return on investment
2️⃣2nd Place: Ethereum2️⃣
Ethereum’s ICO was held across the summer of 2014, and it raised over 18 million dollars in Bitcoin. With 60 million ETH up for grabs, this worked out to a price of about 30 cents per ETH The current ROI on Ethereum’s ICO is 6500 x. If we’re talking Ethereum’s all time high, the ROI is a staggering 15 000 x
1️⃣1st Place: NXT1️⃣
NXT’s ICO took place long before ICOs were even a thing. An anonymous poster on the Bitcointalk forum detailed his desire to build a QUOTE ‘descendant of Bitcoin’ in September 2013 This individual decided to hold a crowdsale to fund his operation shortly afterwards, and he managed to raise 21 Bitcoin worth 16800 dollars at the time The participants in this proto ICO received the entirety of NXT’s maximum supply of 1 billion when the main net launched later that year. If you do the math, this works out to 0.0000168 dollars per NXT While this is only a 1000x return at today’s prices, when NXT hit its all time high of nearly 2 dollars at the end of 2017, anyone who sold walked away with more than 100 thousand times more than what they had initially invested.
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.